LIC Agent Commission

POSTED BY Ashok Shah ON October 13, 2012 5:39 am COMMENTS (2)

Is Commission discontinued if LIC agency is suspended for not completing the target?

2 replies on this article “LIC Agent Commission”

  1. Dhinesh Kumar says:

    As for as i remeber section 44 Insurance act 1938 – says that agent can get renewal if atleast he works for minimum 5 years ( Doing minimum business ),otherwise the renewal can get stopped if the licence terminated in between.

  2. Yes , it might happen . There were some rules from IRDA on the clients recency , like atleast 50% clients should pay the premium next years !

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today